Parents may lose out on tax break
May 30, 2009 by samsonites · Leave a Comment
Jenny Culshaw
Business reporter, BBC News
The government should intervene to make sure working parents do not lose out on tax breaks towards the cost of childcare, a leading charity has said.
The Daycare Trust says businesses are being advised by the British Chambers of Commerce (BCC) to withdraw from the government’s childcare vouchers scheme.
Watchdog threat to poor garages
May 30, 2009 by samsonites · Leave a Comment
The car repair industry has been warned that unless it provides a more reliable service to consumers, it faces the prospect of tough new regulation.
Only 15 per cent of the UK’s estimated 35,000 garages have signed up to a voluntary code brought in last year.
Germany picks Magna to save Opel
May 30, 2009 by samsonites · Leave a Comment
Germany has agreed a deal with Magna International, a Canadian car parts maker, to take over Opel, part of the European wing of US carmaker GM.
Talks in Berlin continued into early Saturday before Germany’s finance minister announced a deal.
Carmakers’ crisis
May 30, 2009 by samsonites · Leave a Comment
The global car industry is in crisis. BBC News looks at the key firms and how they are faring.See full detailsof carmakers’ sales and profits in 2008.
Magna ‘close’ to GM Europe deal
May 30, 2009 by samsonites · Leave a Comment
Car parts maker Magna International has reached an agreement in principle to rescue GM Europe, owner of Opel and Vauxhall, reports say.
The agreement was reached with General Motors, but will need to be approved by the German government, which will be providing funding to the new owner.
Oil prices continue rally to $66
May 30, 2009 by samsonites · Leave a Comment
Oil prices hit a six-month high, buoyed by falling US stockpiles, amid signs the US economy is not shrinking as fast as people thought.
US light crude for July delivery climbed $1.16 to $66.24 a barrel, before falling back to $65.77.
Cobra Beer bought by Molson Coors
May 30, 2009 by samsonites · Leave a Comment
Cobra Beer has been bought by a joint venture between Molson Coors and Cobra founder Lord Karan Bilimora after entering a pre-packaged administration.
Administrators PricewaterhouseCoopers said the company had run into financial difficulties in the economic downturn.
Developer Modus in administration
May 30, 2009 by samsonites · Leave a Comment
Shopping centre developer Modus Ventures has gone into administration, as the value of commercial property has fallen in the economic downturn.
Administrator KPMG said it expected many commercial real estate companies to find themselves in similar trouble.
HP ‘agrees to help’ job axe staff
May 30, 2009 by samsonites · Leave a Comment
Hewlett-Packard has agreed to work with the Scottish Government in finding new job or retraining opportunities for 700 workers it is to axe in Renfrewshire.
The electronics giant said on Thursday it planned to close manufacturing operations at its Erskine plant and transfer work to the Czech Republic.
Indian growth unexpectedly strong
May 29, 2009 by samsonites · Leave a Comment
India’s economy grew 5.8% in the first three months of the year compared with the same period last year, which was better than had been expected.
The official gross domestic product figure was down from 8.6% annual growth seen in the first quarter of 2008.
